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667 George Street N

Town Ward 3, Peterborough

$474,999

Detached|1 1/2 Storey
5 | 2 | 3
About this home

Calling all first time home buyers or those looking to expand their investment portfolio! This property is located on George Street in the heart of Peterborough, this proven income-generating rental property offers both convenience and versatility. Situated directly on a public transit route, it attracts a wide range of tenants, making it a smart addition to any investment portfolio. Inside, you'll find generously sized rooms that provide comfortable living for tenants, while the presence of two bathrooms adds ease and functionality for shared accommodation. The layout is well-suites for maximizing rental potential without compromising on livability. Outside, a fully fenced yard offers privacy and a great out door space, and private parking for two vehicles adds to the property's appeal which is an increasingly valuable feature for renters. Located close to shops, dining and everyday amenities, this property checks all the boxes for both investors and tenants alike.

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BrokerHub Inc.
(647) 254-1864
TypeDetached
Style1 1/2 Storey
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$4,115
Lot Size40.61 ft x 115.06 ft
mls© NumberX13101294
Listed ByCentury 21 United Realty Inc.

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$2,431
Property tax
$343
Heat allowance
$150
Housing costs
$2,924 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $95,000
25-yr amortization

Income needed

$90,000

gross annual household income

Payment at 4%
$1,999 / mo
Cash down
$95,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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